👉 Mastercard's Mastercard Math is a sophisticated algorithm used for fraud detection and prevention. It analyzes transaction data in real-time to assess the risk of a transaction by comparing various factors, including the cardholder's typical spending patterns, location, device information, and time of day. The algorithm assigns a risk score to each transaction, categorizing it as low, medium, or high risk. For high-risk transactions, Mastercard may require additional verification steps, such as a one-time password sent to the cardholder's mobile device or a call to their bank, to confirm the transaction's legitimacy. This approach helps minimize fraudulent charges while ensuring legitimate transactions are not unduly hindered.
